Newmark has facilitated a 95,800-square-foot industrial lease at 105 Sam Fonzo Drive in Beverly, MA. The new tenant, Axcelis Technologies, is a supplier of enabling ion implantation solutions for the semiconductor manufacturing industry.
Axcelis secured a long-term lease for the entire facility, which will serve as its new distribution and fulfillment center. The facility is designed to optimize logistics and warehouse operations, featuring technologies such as AI-driven autonomous mobile robots and enterprise-level warehouse automation. The property was developed by T Ford LLC on a 14-acre site.
“Topography made this a challenging 14-acre site. Green Leaf Construction and Engineering Alliance brought forward thoughtful solutions and moved the project along,” said Tom Ford of T Ford LLC. Richard Ruggiero, Matt Adams, Torin Taylor and Rory Walsh of Newmark represented the tenant on the transaction.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.